Market Report: Beneficial Insects to Reach $1,630 Million by 2028

 The beneficial insects market is set for robust growth, expanding from USD 877 million in 2023 to an estimated USD 1,630 million by 2028, with a compound annual growth rate (CAGR) of 13.2%, according to a report by MarketsandMarkets. This surge underscores the increasing demand for sustainable agricultural practices, particularly chemical-free and organic farming methods, which have led to a higher adoption of beneficial insects in pest control and crop production.

The Role of Beneficial Insects in Crop Protection

Beneficial insects play a crucial role in sustainable agriculture, particularly in crop protection for fruits and vegetables. Natural predators like ladybugs, lacewings, and parasitic wasps offer a viable, eco-friendly alternative to chemical pesticides.

These insects prey on common agricultural pests such as aphids, caterpillars, and whiteflies, effectively reducing pest populations and minimizing crop damage.

The integration of beneficial insects into farming practices offers numerous advantages, including:

• Reduced Chemical Usage: Farmers can significantly cut down on chemical pesticide applications, promoting healthier ecosystems.
• Enhanced Crop Quality: Reduced pest damage results in higher-quality produce.
• Environmental Sustainability: The preservation of beneficial organisms and pollinators supports biodiversity and ecological balance.

This approach aligns with global trends toward sustainable agriculture, enabling farmers to produce high-quality crops while protecting the environment.

Know about the assumptions considered for the study

Crop Protection: A Dominant Application Segment

Among the applications, crop protection holds a dominant market share in the beneficial insects market. With growing concerns about pesticide resistance and environmental degradation caused by synthetic chemicals, farmers are increasingly adopting biological pest control methods.

Beneficial insects such as parasitic wasps, predatory beetles, and hoverflies serve as natural enemies to harmful pests. Their use in Integrated Pest Management (IPM) programs not only controls pest populations but also enhances yield and reduces chemical residues.

The increasing adoption of these practices is expected to drive the market further, making beneficial insects a cornerstone of sustainable farming practices.

Asia-Pacific: A Key Growth Driver

The Asia-Pacific region is poised to lead the growth of the beneficial insects market during the forecast period. Countries in this region are embracing sustainable agricultural methods to address food security concerns and reduce the environmental impact of conventional farming.

The rising popularity of organic and pesticide-free produce, coupled with increased awareness of biodiversity conservation, has fueled the adoption of biological pest control measures in the region. Beneficial insects, including parasitoids, predators, and pathogens, are being integrated into IPM programs to combat pests naturally while maintaining ecological balance.

Key beneficial insects companies include:

• Applied Bionomics Ltd (Canada)
• Biobest Group NV (Belgium)
• Bioline AgroSciences Ltd (UK)
• Koppert (Netherlands)
• ARBICO Organics (US)
• BioBee Ltd (Israel)
• Andermatt Group AG (Switzerland)

These companies are driving innovation and expansion in the market through strategic developments and technological advancements.